In a statement Canadian Prime Minister Justin Trudeau announced the country’s first round of economic sanctions on Russia after Moscow recognised the separatist regions of Donetsk and Luhansk in Ukraine as being independent. In 2014, Russian-backed separatists in Donetsk and… Read More ›
state backed
Chinese state backed hacker group APT 27 targeting German companies: Federal Office for the Protection of the Constitution
In a statement Germany’s Federal Office for the Protection of the Constitution (BfV) said, China’s state backed hacking group APT 27 which since long is suspected of launching attacks on Western government agencies, is now targeting German companies in sectors… Read More ›
Air France-KLM’s board expected to meet on Monday on refinancing plan
According to two sources familiar with the matter at hand, Air France-KLM’s board is expected to meet on Monday to discuss a state-backed refinancing plan aimed at strengthen its balance sheet following a year of coronavirus-induced shutdowns. Sources went on… Read More ›
Quad nations agree to collaborate on securing rare earth metals
Australia, Japan, India and the United States, will collaborate to secure rare earth metals which are critical to the production of a wide array of goods ranging from fifth generation fighter jets, to smartphones, and electric cars, said Japan’s the… Read More ›
Robert Hale of U.S. hedge fund ValueAct Capital nominated as outside director at Japanese chip and display material maker JSR Corp
In a statement, Japanese chip and display materials maker JSR Corp stated, it would nominate Robert Hale, a partner at U.S. hedge fund ValueAct Capital, to be an outside director. In early 2020, ValueAct Capital became a major shareholder in… Read More ›
Chinese state investors want to privatize BMW’s Chinese JV partner Brilliance China Automotive Holdings Ltd
Chinese state-backed investors are weighing options, which includes taking BMW’s main Chinese joint-venture partner Brilliance private, said five sources with knowledge of the matter at hand. The development is the latest in such deals aimed at uplifting down-beaten Hong Kong-listed… Read More ›